• Indonesia's KoinWorks raises $12 million to grow its P2P SME lending platform

    4 monthes ago - By Tech Crunch

    KoinWorks , an Indonesian startup that helps small and medium-sized businesses secure financial services through its online peer-to-peer platform, has raised $16.5 million SGD in a new funding round as money continues to flow in what has become a hot space for investors.
    The Series B round for the three-year-old startup was led by EV Growth and Quona Capital. Existing investors - Mandiri Capital Indonesia, Convergence Ventures, Gunung Sewu, Beeblebrox and Quona Capital - also participated in the round, the startup said in a statement. The new round means KoinWorks has raised more than...
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  • UK banking unicorn Monzo secures $2 billion valuation in new funding round from Y Combinator Continuity - 'It's a huge validation for us'

    UK banking unicorn Monzo secures $2 billion valuation in new funding round from Y Combinator Continuity - 'It's a huge validation for us'

    4 monthes ago - By Business Insider

    UK challenger bank Monzo has raised $113 million in fresh funding to take the company's valuation to $2 billion.
    The bulk of the funding comes from Silicon Valley fund Y Combinator Continuity and another new investor, Latitude.
    Monzo will use the funding to help its expansion into the US and develop its other products including marketplace.
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  • JD.com's logistics arm raises a $218 million investment fund

    4 monthes ago - By Tech Crunch

    The logistics division of JD.com , Alibaba's closest e-commerce competitor in China, has raised 1.5 billion yuan to invest in logistics-related companies and technology. Limited partners in the new fund include JD Logistics and JD.com, as well as undisclosed listed companies and government-led funds, reported Reuters .
    JD Logistics, which became a standalone subsidiary in April 2017, has a lot to prove. The unit raised $2.5 billion last year from Hillhouse Capital Group, Sequoia Capital and Tencent, among other investors, in its first major outside funding at a valuation of about $13.5...
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